• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.55
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• pp.185-208
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• 2012

Before and after the Capital Market Integration Act in 2007 is implemented in South Korea, many of small-and mid sized exporting companies in South Korea has been bankrupted or filed for lawsuit claiming mis-selling(KIKO) by the banks. The basic economic structure of KIKO in Korea are part of a business model based on the use or misuse of exotic derivatives whose results are anything but imaginary. 571 mid sized exporting companies have been damaged about $28 billion. KIKO is a currency option product that sells foreign currencies at higher foreign exchange rate when the rate moves within a certain range, but sells foreign currencies at two or three times lower rate than the market price when the rate exceeds the designated upper limit. KIKO, Therefore, is hard to know whether the non financial firms intended to hedge against further strengthening of their currency or merely to speculate. It is also hard to know how thoroughly they understood the risk-return profile of these transactions. It is similarly hard to ascertain whether the derivatives dealers offering these transactions were meeting the demands of their clients or taking advantage of them. These exotic derivatives were inappropriate for either hedging or speculating, and no knowledgeable investor would be likely to enter into these contracts intentionally.

• The Journal of Industrial Distribution & Business
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• v.10 no.1
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• pp.29-37
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• 2019

Purpose - We study the dynamic linkages of the economic policy uncertainty (EPU) in the US on the manufacturing stock market returns in Korea. In detail, we examine the casual link between EPU index in the US and the manufacturing stock indexes in Korea. Research design, data, and methodology - We measure mainly the distribution effect of the US EPU on the manufacturing stock market in Korea of 1990-2017 by the vector error correction model (VECM). Result - In result, we estimate the impact of the US EPU index has significantly a negative response to the manufacturing stock market in Korea such as non-metal stock index, chemical stock index, food stock index, textile·clothes stock index, automobile·shipbuilding stock index, machinery stock index, steel·metal stock index. Also the remaining variables such as electric·electronics stock index, S&P 500, and producer price index in Korea have a negative relationship with US EPU index. Conclusions - We find out that the relationship between EPU index of the US and the manufacturing stock market in Korea has the negative relationships. We determine the EPU of the US has the spillover effect on the industry stock markets in Korea.

• Journal of Distribution Science
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• v.12 no.11
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• pp.25-34
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• 2014

Purpose - Considering that the governments' official statistics on the optimum scale of the domestic service industry will be crucial in future, this study's results will be used as an important benchmark to develop and verify the parameters in the government's official statistics. Research design, data, and methodology - To identify the appropriate scale of Korea's service industry and its adequacy, I have determined them through estimation using a regression method involving panel data analysis on the panel data of 30 OECD countries. Results - The regression coefficient provided indications of being non-linear. This means that a U-shaped curve relationship exists-that is, the level of the economic growth leverage decreases along with the service industry's growth up to the level of 70.9% in terms of the Korean service industry's adequacy; it increases along with the service industry's growth at a level higher than 70.9%. Conclusions - While the current proportion of the size of the service industry among all industries in Korea stands at 50.7%, its proper proportion estimated by a regression analysis was 70.9%.

• Korean Business Review
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• v.22 no.1
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• pp.1-25
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• 2009

Typically, economic rationality is too apart from in a public enterprises system is started many cause troubles. The government in that upper management personnel of agencies and politicians who exploit the parachute and coalesce with the labor union as a hotbed of corruption due to inefficiency have bands. Most of peoples need to reform public enterprises and the idea became. The future direction of public enterprise reform is clear. As like Infrastructure industrial sector which is difficult to privatization of government owned and controlled public enterprises to improve efficiency and management systems to build. On the other hand, it is difficult to upset non-public enterprises, private sector efficiency in the transfer of management control to consider the idea of an active policy of privatization conversion is required.

• Korea Journal of Hospital Management
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• v.19 no.2
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• pp.1-11
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• 2014

The purpose of this study is to investigate awareness on medical insurance on the caregivers cost for hospital administrative staff and to provide the basic data for realization of legislation. The subjects were caregivers living in Busan, the survey was conducted from February 18 to March 9, 2013, 283 except for 17 copies of non-response and error response among a total of 300 questionnaires were analyzed. As a result, To improve the quality of care services, there were 51.8% of refresher training needs in refresher training items, 72.7% in favor of premiums increases in health insurance details, as for health insurance coverage subjects, patients' income were 32.0%, copayment for caregivers cost was 20.0%, which was 42.3%. Refresher training item, premiums increases, health insurance applied subjects, variables for copayment for care fee were related to medical insurance on the caregivers cost. On legislation on the medical insurance, systematic and standardized criteria should be provided to provide standardized curriculum for caregivers, to relieve patients and guardians of economic burden for caregivers cost and offer the stability of the cost.

• Journal of Labour Economics
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• v.39 no.3
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• pp.33-73
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• 2016

We examine the relationship between individual's personality trait and wage performance using administrative data collected by Korea Employment Information Service. We use Aptitude Test Battery and Five Factor Personality Inventory for individual's cognitive and noncognitive skill respectively. The results show that there are robust relationships between wages and conscientiousness, extraversion. The relationships between personality traits vary across gender. Additionally, this results imply that the return to schooling is higher for those with higher cognitive ability in early labor market.

• Transactions of the Korean Society of Pressure Vessels and Piping
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• v.11 no.2
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• pp.1-5
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• 2015

A failure or degradation of reactor upper head penetration is a troublesome problem at Nuclear Power Plants. A flaw in the reactor upper head penetration can result in unplanned plant shutdown for repair, and cause serious economic losses on the plants. Consequently, a detection of flaws is a matter of more importance. Until now, only the base metal, not including J-groove weld, in reactor upper head penetration has been inspected in accordance with 10 CFR 50.55a and ASME code case N-729-1 requirements. Accordingly, it is rather difficult to detect manufacturing defects and repair defects in J-groove weld. This paper presents a case study on the application of Time of Flight Diffraction UT technique to examine the J-groove weld in reactor head penetration using reactor head penetration mockup with artificial flaws. We expect that this study result will offer a way to understand the non-destructive examination technology for J-groove weld in reactor upper head penetration.

• Korean Chemical Engineering Research
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• v.46 no.5
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• pp.833-844
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• 2008

Bio-energy offers the opportunity to lessen fossil fuel consumption. Energy derived from solar, wind, hydroelectric, geothermal, and biomass sources are considered renewable. Because most forms of bio-energy are derive deither directly or indirectly from the sun, there is an abundant supply of renewable energy available, unlike fossil fuels. The use of bio-energy also provides environmental, economic and political benefits. Bio-energy can be produced from a marine source such as biomass provides a $CO_2$ neutral, non-polluting form of energy. In this paper, the potential of marine biomass is increasingly discussed, given the size of the resource in that more than three quarters of the surface of planet earth is covered by water.

• 유체기계공업학회:학술대회논문집
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• 2003.12a
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• pp.385-390
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• 2003

Shape of a multi-blades centrifugal fan is optimized by response surface method based on three-dimensional Navier-Stokes analysis. For numerical analysis, Reynolds-averaged Wavier-Stokes equations with standard $k-{\varepsilon}$ turbulence model are transformed into non-orthogonal curvilinear coordinate system, and are discretized with finite volume approximations. Due to the large number of blades in this centrifugal fan, the flow inside of the fan is regarded as steady flow by introducing the impeller force models for economic calculations. Optimizations with and without constraints are carried out. Design variables, location of cur off, radius of cut off, expansion angle of scroll and width of impeller were selected to optimize the shapes of scroll and blades. Data points for response evaluations were selected by D-optimal design, and linear programming method was used for the optimization on the response surface. As a main result of the optimization, the efficiency was successfully improved. The correlation of efficiency with relative size of inactive zone at the exit of impeller is discussed as well as with average momentum fluxes in the scroll.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.727-739
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• 2021

Over the past decades, the Jordanian government has made great efforts to help poor women start small businesses by providing microcredit and facilitating financial services. Although in Jordan almost hundreds of thousands of women have the ability to contribute more fully to their economy, they are reluctant to do so. Women's participation in economic activities in 2016 was only 13.2%, while the unemployment rate for Jordanian women was 24.1%. The decline in women's participation in small business management has gradually become an important issue following the trial of more than 13,000 Jordanian women for non-payment of their micro-loans. This study aims to identify the factors that hinder Jordanian women from achieving job stability. In this qualitative study, a semi-structured interview method with sixteen open-ended questions was used to collect relevant data. A purposeful sampling method is also used to select participants. To analyze the data, this study used NVivo 11 software as a method. Using System Theory, this study showed that women's failure depends on three factors: women entrepreneurs, the environment around women entrepreneurs, and micro-financial institutions. Findings of this study suggest that strengthen women's entrepreneurship sustainability and minimize the risk of failure should be done through integrated strategies include these three domains.